Is There Tax benifit for large cap diversified funds?

Hi pankaj,

I invest Rs. 1000/- each in DSP BR Top 100 REG D, HDFC Top 200 & Reliance GOLD ETF. Are these investments tax free?? I'm salaried.

Thanks!

Devdatt P. Kulkarni

asked Aug 24 '11 at 13:02 by KDevdatt 1●1●1

One Answer:

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There is no tax exemption on investment for these funds.

But there won't be any income tax on gains earned from equities based funds, if they are sold after a year.

Please note that reliance gold ETF is not a equity based fund, so gains would be taxed as per ongoing tax laws. Currently there is 20% income tax on gains after indexation benefit.

answered Aug 24 '11 at 22:02 by Pankaj Batra 5.2k●3●20

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mutual-fund ×99
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Asked: Aug 24 '11 at 13:02

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Last updated: Aug 24 '11 at 22:02

Is There Tax benifit for large cap diversified funds?

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